Korea, Rep.: PPP conversion factor, households and NPISHs Final consumption expenditure (LCU per international $)

Key figures

What the numbers say

In 2025, Korea, Rep.'s PPP conversion factor, households and NPISHs Final consumption expenditure (LCU per international $) rose 7.66 on 2024 (from 872.47 to 880.13).

Across the 30 yearly changes before that (1995 to 2024), the average change was +7.17 and a typical year strayed about 23.53 from that (the standard deviation). This year's change was 0.0 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 61.4 in 2013 and the biggest yearly fall was 56.99 in 2022. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2016 to 2025 the straight-line trend is downward, about 14.29 a year. A straight line explains 80% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2025, Korea, Rep. had the 15th highest value of the 167 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Korea, Rep. in the 2025 ranking

• Uganda — 12th of 167: 1,337
• Madagascar — 13th of 167: 1,315
• Mongolia — 14th of 167: 1,181
• Tanzania — 16th of 167: 661.5
• Malawi — 17th of 167: 627.17
• Iraq — 18th of 167: 545.99

What this measures

The purchasing power parity (PPP) conversion factor is a currency conversion factor and a spatial price deflator. They convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of gross domestic product (GDP) and its expenditure components. This conversion factor is for households and NPISHs Final consumption expenditure and the base currency is the US dollar.

Limitations: Global PPP estimates provided by ICP are produced by the ICP Global Office and regional implementing agencies, based on data supplied by the national implementing agencies in the participating economies, and in accordance with the methodology recommended by the ICP Technical Advisory Group and approved by the ICP Governing Board. As such, these results are not produced by participating economies as part of their national official statistics.

Regional and income-group figures are computed by the World Bank as a no aggregation provided for this indicator..

All 36 values

PPP conversion factor, households and NPISHs Final consumption expenditure (LCU per international $) in nearby economies

• American Samoa — 0.9 (2021)
• Australia — 1.46 (2025)
• Brunei Darussalam — 0.53 (2025)
• Cambodia — 1,473 (2025)
• China — 3.46 (2025)
• Fiji — 0.89 (2025)
• French Polynesia — 101.87 (2021)

More economic policy & debt data for Korea, Rep.

• Total reserves, including gold (current US$) — US$436.57 billion (2025)
• Total reserves, excluding gold (current US$) — US$421.91 billion (2025)
• General government final consumption expenditure (current US$) — US$330.43 billion (2025)
• General government final consumption expenditure (current LCU) — 470.02 trillion (2025)
• General government final consumption expenditure (constant 2015 US$) — US$332.28 billion (2025)
• General government final consumption expenditure (constant LCU) — 411.92 trillion (2025)
• General government final consumption expenditure (% of GDP) — 17.65% (2025)
• Households and NPISHs final consumption expenditure (current US$)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Korea, Rep.'s PPP conversion factor, households and NPISHs Final consumption expenditure (LCU per international $)?

880.13 in 2025, according to the World Bank (World Development Indicators).

How has it changed since 1990?

It is up 69.39% from 519.59 in 1990 (1.52% a year on average, compounded). The highest value was 994.76 in 2014 and the lowest 519.59 in 1990.

How does Korea, Rep. rank?

15th highest of 167 economies with data for 2025.

Source

World Bank, World Development Indicators, indicator PA.NUS.PRVT.PP, licensed CC BY 4.0. Original source: International Comparison Program (ICP), World Bank (WB), uri: https://www.worldbank.org/en/programs/icp/data, publisher: International Comparison Program, type: International statistical program, date accessed: May 30, 2024, date published: May 30, 2024; The Eurostat PPP Programme, Eurostat (ESTAT),… Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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